New England lobster
dea food and drink
Last year lobster prices dropped 33%. Expect another price drop this year.

Lobster lovers are in for another succulently good year. "During the 2012 season, average retail prices per pound dropped from about $6 to $4," says Hugh Reynolds, owner of Greenhead Lobster in Stonington, Maine.

The 33% decrease was the result of both an unexpected overlap of the Maine and Canadian fishing seasons, which normally occur one after another, and an abundant catch.

According to seafood industry consultant Gilles Thériault, the 2013 Maine catch could see an increase of 10% to 15% over last year's numbers, further driving down prices once lobster season is in full swing.

- Last updated May 17 2013 03:22 PM ET
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